DFSV vs IWN: Holdings Overlap
DFSVDimensional US Small Cap Value ETF
Dimensional · 1029 holdings · $8.2B · as of 2026-04-30
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
Holdings snapshots are 30 days apart (DFSV: 2026-04-30, IWN: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are DFSV and IWN?
Dimensional US Small Cap Value ETF (DFSV, by Dimensional) holds 1029 positions; iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406. They have 726 holdings in common, and by portfolio weight the two funds are 45.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 45.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 726DFSV holds 1029 · IWN holds 1406
- Weight in Shared Holdings
- DFSV 53%·IWN 58%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in DFSV
303 of 1029 positions (46.5% of the fund) are not held by IWN. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFSV | IWN |
|---|---|---|
| Financials | 26.4% | 22.4% |
| Industrials | 14.9% | 11.9% |
| Consumer Discretionary | 12.7% | 8.7% |
| Energy | 12.6% | 8.5% |
| Health Care | 6.6% | 10.0% |
| Other Sectors | 22.9% | 31.1% |
| Unclassified | 3.6% | 7.1% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (4% of DFSV, 7% of IWN).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFSV | +4.5% | +23.4% | +37.6% | +15.2% | — | — | 1.33% |
| IWN | +2.4% | +25.3% | +42.6% | +16.8% | +9.0% | +10.2% | 1.41% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in DFSV vs IWN →
Shared Holdings(726)
The top 10 shared positions account for 10% of the overlap, led by JXN, CMC and ONB.
 JXNJackson Financial, Inc., Class A | 0.54% | 0.50% | 0.50% |
|---|---|---|---|
 CMCCommercial Metals Company COM | 0.52% | 0.47% | 0.47% |
 ONBOld National Bancorp COM | 0.56% | 0.47% | 0.47% |
 SMSM Energy Co. COM | 0.44% | 0.54% | 0.44% |
 NENoble Corporation PLC ORD SHS A | 0.49% | 0.43% | 0.43% |
 RIGNTransocean Ltd COM CHF0.10 | 0.45% | 0.42% | 0.42% |
 UBSIUnited Bankshares Inc COM | 0.41% | 0.40% | 0.40% |
 VSATViaSat, Inc. COM | 0.53% | 0.39% | 0.39% |
 MURMurphy Oil Corporation COM | 0.41% | 0.39% | 0.39% |
| Taylor Morrison Home Corp COM | 0.42% | 0.38% | 0.38% |
 UMBFUMB Financial Corporation | 0.38% | 0.52% | 0.38% |
 ESNTEssent Group Ltd. COM USD0.015 | 0.38% | 0.37% | 0.37% |
 HWCHancock Whitney Corporation COM | 0.37% | 0.37% | 0.37% |
 CNXCNX Resources Corporation COM | 0.39% | 0.37% | 0.37% |
 AUBAtlantic Union Bankshares Corp COM | 0.36% | 0.35% | 0.35% |
 MATXMatson Inc COM | 0.38% | 0.35% | 0.35% |
 CRCCalifornia Resources Corporation COM STOCK | 0.34% | 0.35% | 0.34% |
 VALValaris Ltd. CL A | 0.33% | 0.42% | 0.33% |
 LBRTLiberty Energy, Inc., Class A | 0.34% | 0.31% | 0.31% |
 VLYValley National Bancorp. COM | 0.50% | 0.31% | 0.31% |
 ASBAssociated Banc-Corp COM | 0.34% | 0.30% | 0.30% |
 ABCBAmeris Bancorp COM | 0.30% | 0.35% | 0.30% |
 TDSTelephone and Data Systems Inc. COM NEW | 0.35% | 0.29% | 0.29% |
 PBFPBF Energy, Inc., Class A | 0.35% | 0.28% | 0.28% |
 EBCEastern Bankshares Inc COM | 0.27% | 0.29% | 0.27% |
Showing the top 250 of 726 shared holdings by overlap weight.
Frequently Asked Questions
How much do DFSV and IWN overlap?
DFSV and IWN overlap by 45.0% of portfolio weight. They share 726 holdings (DFSV holds 1029 positions and IWN holds 1406), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFSV and IWN?
The two portfolios are 45.0% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of DFSV and IWN?
The largest positions held by both funds are JXN, CMC, ONB, SM and NE. Together the top 10 shared positions account for 10% of the total overlap.
What does DFSV own that IWN doesn't?
303 positions (46.5% of DFSV) are unique to DFSV, led by DINO, OVV and APA. In the other direction, 680 positions (42.1% of IWN) are unique to IWN.